From Nasdaq:

Take-Two Interactive Software’s highly anticipated video game, Grand Theft Auto 6 or GTA 6, is expected to be released in early 2025. This news has increased player engagement in older GTA games, with Steam data indicating a 50% increase in daily peak players for GTA 5/Online since the release of GTA 6 trailer.

The Zacks Consensus Estimate for TTWO’s third-quarter fiscal 2024 bookings is pegged at 1.33 billion, for a decline of 3.4%. Despite this, the company’s shares have risen 55.1% year to date due to blockbuster games like FIFA and GTA.

Ubisoft Entertainment, well-known for Assassin’s Creed and Far Cry, and Microsoft with popular titles like Wordless and Deserted, present tough competition for Take-Two in the video game market.

The global video game market, valued at approximately $217.06 billion in 2022, is projected to witness a compound annual growth rate of 13.4% from 2023 to 2030. The industry’s expansion is attributed to the persistent rise in online gaming, high-speed network connectivity and sustained demand for 3D games.

Take-Two has partnered with Netflix to integrate the popular Grand Theft Auto: The Trilogy into Netflix’s gaming platform, which was released on Dec 14. The company’s upcoming games, including WWE 2K24 and Star Wars Hunters, are expected to attract customer interest.

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Read more: Take-Two’s (TTWO) Older Games Get a Boost Ahead of GTA 6 Release